Current Report Filing (8-k)
June 02 2020 - 7:46AM
Edgar (US Regulatory)
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0000874499
2020-06-01
2020-06-01
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event
reported): June 1, 2020
GULFPORT ENERGY CORPORATION
(Exact Name of Registrant as Specified
in Charter)
Delaware
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000-19514
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73-1521290
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification Number)
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3001 Quail Springs Parkway
Oklahoma City, Oklahoma
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73134
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(Address of principal executive offices)
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(Zip code)
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(405) 252-4600
(Registrant’s telephone number, including area code)
(Former name or former address, if changed
since last report)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol
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Name of each exchange on which registered
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Common stock, par value $0.01 per share
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GPOR
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Nasdaq Global Select Market
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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On June 1, 2020, Gulfport Energy Corporation
(“Gulfport”) approved a 10% salary reduction for Gulfport’s senior management team and a 20% salary reduction
for the Company’s Chief Executive Officer. The cash retainer paid to the Company’s Board of Directors will also be
reduced by 10%.
Item 7.01
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Regulation FD Disclosure
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On June 2, 2020, Gulfport issued a press release announcing
an update to its 2020 operational guidance and provided an update regarding its ongoing cost savings initiatives, including a 10%
salary reduction to Gulfport’s senior management team and a 20% salary reduction for the Company’s Chief Executive
Officer.
A copy of the press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01.
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Financial Statements and Exhibits
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(d) Exhibits
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
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GULFPORT ENERGY CORPORATION
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Date: June 2, 2020
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By:
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/s/ Patrick K. Craine
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Patrick K. Craine
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General Counsel and Corporate Secretary
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2
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